HealthExec February 27, 2024
Medical equipment vendor Agiliti has announced that its majority shareholder, private equity firm Thomas H. Lee Partners (THL), will acquire all outstanding shares of the company, taking it private in a deal valuing the enterprise at approximately $2.5 billion.
The deal works out to $10 per share not already owned by THL, a purchase price premium of approximately 43% over Agiliti’s 90-day volume weighted average price, according to the company. The Agiliti board approved the transaction following the recommendation of an independent special committee investigation, and the deal is expected to close in the first half of 2024.
“Agiliti serves a critical role in sustaining our national healthcare infrastructure, and our dedicated team has led the way to our substantial...
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